2426 Leonard St NE, Grand Rapids, MI, 49505 | $434/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1740 sft

2387 Michigan St NE, Grand Rapids, MI, 49503

3 Bed
1 Bath
2178 sft

1383 Four Mile Rd NE, Grand Rapids, MI, 49525

4 Bed
3 Bath
1652 sft

2294 Pinewood St, Jenison, MI, 49428

3 Bed
2 Bath
2032 sft

1085 Kentwood St NE, Grand Rapids, MI, 49505

Nearby investment properties with comparable prices

2 Bed
1 Bath
1145 sft

1045 Bellview Meadow Dr, Byron Center, MI, 49315

Integrity 2190 Plan, Rolling Meadows Estates

3 Bed
2 Bath
2192 sft

Integrity 2190 Plan, Rolling Meadows Estates, Hudsonville, MI, 49426

4 Bed
3 Bath
1824 sft

318 Rock Elm Ln SW, Coopersville, MI, 49404

4 Bed
3 Bath
1824 sft

318 Rock Elm Ln, Coopersville, MI, 49404

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 2426 Leonard St NE, Grand Rapids, MI, 49505 with 5% annual appreciation on a $430,000 basis while $3,270/mo rent supports operations. Total monthly income totals $3,270/mo and a $2,105/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,208/yr on $142,545 deployed, and return on cash invested reaches 23.56% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,801 alongside rental yield of 9.13%. Five-year ROI measures 122.95% and total cumulative return in cash totals $175,263.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,270/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1955

0.92 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704